Upexi, Inc. cancelled the acquisition of All the assets of a Texas-based wellness and nutrition brand
June 19, 2023
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Upexi, Inc. (NasdaqCM:UPXI) entered into a letter of intent to acquire All the assets of a Texas-based wellness and nutrition brand for $2.5 million on April 13, 2023. The purchase price at closing will be $2.5 million with additional stock consideration to be earned based on adjusted EBITDA performance. Of this, $2 million will be paid in cash and $500,000 will be paid in Upexi stock upon the closing of the transaction, with additional stock consideration to be earned based on specific Adjusted EBITDA performance. The purchase price assumes that the Acquired Company does not hold long-term debt and that it will transfer $1 million of working capital at closing. The asset has approximately $15 million in trailing twelve month revenue. Under the terms of the LOI, pending due diligence. Upexi expects to close the transaction in May.
Upexi, Inc. (NasdaqCM:UPXI) cancelled the acquisition of All the assets of a Texas-based wellness and nutrition brand on June 20, 2023.
Upexi, Inc. is a multi-faceted brand owner with brands in the health, wellness, pet, beauty, and other growing markets. The Company focuses on direct-to-consumer and Amazon brands. The Company utilizes its in-house software-as-a-service (SaaS) programmatic advertising technology to help achieve a lower cost per acquisition and accumulate consumer data for increased cross-selling between its growing portfolio of brands. Its Branded Product segment is focused on the development, growth, and distribution of the branded products that the Company own. Its Recommerce segment is focused on the purchase and sale of new and used products through channels, such as Amazon and wholesale distributors. The Companyâs brands include VitaMedica, Tytan Tiles, and others. VitaMedica offers clinician-originated nutraceuticals and cosmeceuticals products. VitaMedicaâs sales model includes wholesale distribution through surgeons and med spas and direct to consumers through e-commerce and marketplaces.
UPEXI, INC. 
